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Home ZIP 27616

Franchise Businesses Market: ZIP 27616

Opportunity Score
71 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 27616 is an urban area with moderate foot traffic. with a population of 61,161 and household incomes above the national median ($81,534).

Area Profile

61,161
Population
$81,534
Median Income
+9% vs. national
Urban
Area Type
10.9/20
Foot Traffic
Walkable
Median Age: 34.9 — mixed-age market, broad menu appeal.
College-Educated: 29.0% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 27616.

13
Business Consultants
2.1 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,760
2BR Fair Market Rent
$1,514
Median Gross Rent
$310 K
Median Home Value
7
Bank Branches
$600 K deposits

Tips for Starting a Franchise Business in North Carolina

  • Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
  • Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
  • Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
  • Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits